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Jan 13, 2013
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that kind of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges and highways. if you look at air travel. we have one of the world's most antiquated travel systems, we need to update the antiquated computer system. one day you're going to have terrible problems or you're going to have a kind of the system will break down, it's not going to cost $25 billion. it will cost $50 billion. >> there's another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending around. some of that might be true. the bigger issue is nilements, the growth in what those are going to cost us over time. that's the real threat. it's the
that kind of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges...
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new paradigm in terms of the economic environment you have when you have served and you have. you change the nature of risk and people take risk without expecting to compensation and that means you have rampant risk that has happened in the u.k. a lot of the regulatory blow ups have emanated right from the financial center and u.k. and the reason is in my opinion rampant syrup now that you have almost no return on your financial assets you have no significant decrease in risk you have a system that is eventually going to blow up so you've got some terminology here you've got some embedded non-performing assets you talked about of course zero interest rate policy you talked about quantitative easing which is the central bank buying back its own debt all of this leads to. one piers to be a bond bubble bond bubble that seems to be are all this is headed you know you talk about a student loan double of roughly a trillion dollars but here in the u.k. this guilt bond bubble is going to completely overwhelm this economy wants to topps i mean what is what your thoughts are. well you k
new paradigm in terms of the economic environment you have when you have served and you have. you change the nature of risk and people take risk without expecting to compensation and that means you have rampant risk that has happened in the u.k. a lot of the regulatory blow ups have emanated right from the financial center and u.k. and the reason is in my opinion rampant syrup now that you have almost no return on your financial assets you have no significant decrease in risk you have a system...
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Jan 13, 2013
01/13
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a no-fly zone is a step toward a military environment, but not a full military environment. what would be your answer to that question? >> well, frankly, i think that coming in, this is, some of what, of the calculation that went into the intervention in libya was that if we intervene in libya we will have to intervene in syria because we've already done this. that's a little bit too flip, but that's one -- but personally i'd, you know, if i were in a position, i would be in favor of a no-fly zone. i think that -- so would the turks. they're saying you are repeating history over and over again. what i think is problematic is, a certain caliber weapons to opposition which we don't know exactly who they are. repeating a bad precedent. you don't want those weapons to fall into the wrong hands. what's happened to the 20,000 surface-to-air missiles that were supposedly in gadhafi -- all other answer to that, but yeah, i mean, i would think that if you're going to follow that rationale, ultimately that would make sense. safe havens. >> i would like to ask you if you give detail --
a no-fly zone is a step toward a military environment, but not a full military environment. what would be your answer to that question? >> well, frankly, i think that coming in, this is, some of what, of the calculation that went into the intervention in libya was that if we intervene in libya we will have to intervene in syria because we've already done this. that's a little bit too flip, but that's one -- but personally i'd, you know, if i were in a position, i would be in favor of a...
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Jan 13, 2013
01/13
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in this environment, subsidizing wind and solar makes no sense. also five years ago, we thought that china and india, and other emerging economies, my sign-on to emissions reductions, and, therefore, that if we reduced emissions, perhaps global temperatures would be reduced. and i don't think it does but i don't tak take a position on whr mandated emissions caused global warming or not, but if we are reducing our emissions and china and india, which make up 37% of the worlds population, are not doing so, when i pointed any affect on the global temperatures. and then the first chapter of the book i talk about geoengineering solutions, that nobel prize-winning weiner thinks we can reduce global temperature if we just do it on our own. painting russ whitehurst like the sun's rays. what we are doing with a 12 and dollars were spent on alternative energy is pushing people into cars that they don't want to buy, we are raising electricity costs. we are -- we're getting rid of incandescent lightbulbs in favor of fluorescent lightbulbs. and the cost of thi
in this environment, subsidizing wind and solar makes no sense. also five years ago, we thought that china and india, and other emerging economies, my sign-on to emissions reductions, and, therefore, that if we reduced emissions, perhaps global temperatures would be reduced. and i don't think it does but i don't tak take a position on whr mandated emissions caused global warming or not, but if we are reducing our emissions and china and india, which make up 37% of the worlds population, are not...
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Jan 13, 2013
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it is within this environment we developed our counter-terrorism network. our national security strategy is clear. the goal is to disrupt, dismantle, and the al qaeda and its allies. in june, we released the u.s. counterterrorism strategy. this strategy is just one part of president obama's larger national security strategy. our counterterrorism policies to not define our foreign policy. rather, their violin reenforcing elements of our broader national security interest. it is essential to keeping americans secure. one of the key objectives of our strategy is to deprive -- the private terrace of their enabling means, particularly their finances. our strategy sets out to expand and enhance efforts to block the flow of financial resources to and among terrorist groups and to disrupt terrorist facilitation and support activities, imposing sanctions or pursuing prosecution to enforce a violation and dissuade others. our efforts include a wide range of activities to provide -- collectively, are activities seek to use all elements of national power to sever terro
it is within this environment we developed our counter-terrorism network. our national security strategy is clear. the goal is to disrupt, dismantle, and the al qaeda and its allies. in june, we released the u.s. counterterrorism strategy. this strategy is just one part of president obama's larger national security strategy. our counterterrorism policies to not define our foreign policy. rather, their violin reenforcing elements of our broader national security interest. it is essential to...